Rapid7: Q2 Earnings Snapshot

August 3, 2022 GMT

BOSTON (AP) _ Rapid7 Inc. (RPD) on Wednesday reported a loss of $39.6 million in its second quarter.

On a per-share basis, the Boston-based company said it had a loss of 68 cents. Losses, adjusted for stock option expense and amortization costs, were 1 cent per share.

The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 4 cents per share.

The cybersecurity company posted revenue of $167.5 million in the period, also topping Street forecasts. Seven analysts surveyed by Zacks expected $164.4 million.

For the current quarter ending in October, Rapid7 expects its per-share earnings to range from 3 cents to 6 cents.

The company expects full-year earnings in the range of 8 cents to 15 cents per share.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on RPD at https://www.zacks.com/ap/RPD